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Delta Air Lines (DAL) Stock Gains Despite Lower Q3 Guidance

NEW YORK (TheStreet) -- Delta Air Lines (DAL) stock was rising 5.27% to $38.26 after the company issued updated guidance for the 2016 third quarter at Cowen's Annual Global Transportation Conference on Wednesday.

Due to the three-day computer failure in early August, Atlanta-based Delta said that it would lose $150 million in pre-tax income in the third quarter, according to a company presentation.

Additionally, Delta expects passenger revenue per available seat mile to fall by 7% year-over-year for the quarter, lower than prior estimates of a 4% to 6% decline.

One point of unit revenue decline...